The magnitude of Big Data has grown to the point that we have to keep coming up with new ways to describe it. Objectivity has been helping a geoscience company use Fast Data, Hard Data, Soft Data (i.e. All Data) to gain important insights for their oil and gas exploration customers.
In a reverse takeover of the British engineering software company, Schneider Electric will regroup the industrial software assets that made up much of its Invensys acquisition two years ago into a larger industry proposition.
Total Cost of Ownership
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The two companies announced a strategic alliance that will give customers a single source for an integrated approach to online and real-time process analysis. Fuels blending analysis will be a key focus.
With an ultimate goal of connecting 4,000 of its oil wells to the Industrial Internet, BP will gain real-time visibility across its production assets to improve operational efficiency and minimize unplanned downtime.